Shares of Nasdaq Inc. (NASDAQ:NDAQ) have been given a consensus rating of “Hold” by the sixteen ratings firms that are covering the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $70.37.
NDAQ has been the topic of a number of recent analyst reports. Deutsche Bank AG lifted their price target on shares of Nasdaq from $76.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, September 9th. Barclays PLC set a $79.00 price target on shares of Nasdaq and gave the company a “buy” rating in a research report on Wednesday, September 7th. Evercore ISI lowered shares of Nasdaq from a “buy” rating to a “hold” rating and dropped their price target for the company from $69.00 to $68.00 in a research report on Tuesday, July 5th. Jefferies Group lifted their price target on shares of Nasdaq from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Thursday, July 28th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Nasdaq from $64.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, July 29th.
Nasdaq (NASDAQ:NDAQ) opened at 66.79 on Friday. Nasdaq has a 52-week low of $52.75 and a 52-week high of $71.92. The stock has a 50 day moving average of $69.77 and a 200-day moving average of $66.63. The company has a market capitalization of $11.05 billion, a P/E ratio of 23.13 and a beta of 0.81.
Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.03. The firm had revenue of $559 million for the quarter, compared to analyst estimates of $548 million. Nasdaq had a net margin of 13.79% and a return on equity of 10.76%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. On average, equities analysts forecast that Nasdaq will post $3.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $1.28 annualized dividend and a dividend yield of 1.92%. Nasdaq’s dividend payout ratio is presently 44.44%.
In other news, insider Pc Nelson Griggs sold 2,945 shares of the business’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $71.52, for a total value of $210,626.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Thomas A. Wittman sold 24,893 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $67.08, for a total transaction of $1,669,822.44. Following the completion of the sale, the executive vice president now owns 64,956 shares in the company, valued at approximately $4,357,248.48. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of NDAQ. Advisory Services Network LLC increased its stake in shares of Nasdaq by 166.2% in the second quarter. Advisory Services Network LLC now owns 2,068 shares of the company’s stock valued at $134,000 after buying an additional 1,291 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Nasdaq by 10.6% in the second quarter. Pacer Advisors Inc. now owns 2,316 shares of the company’s stock valued at $150,000 after buying an additional 222 shares during the period. Seven Eight Capital LLC bought a new position in shares of Nasdaq during the second quarter valued at about $162,000. IFP Advisors Inc increased its position in shares of Nasdaq by 4.6% in the first quarter. IFP Advisors Inc now owns 3,114 shares of the company’s stock valued at $207,000 after buying an additional 137 shares during the period. Finally, Baird Financial Group Inc. bought a new position in shares of Nasdaq during the second quarter valued at about $224,000. Institutional investors own 74.20% of the company’s stock.
Nasdaq, Inc (Nasdaq), formerly The NASDAQ OMX Group, Inc, is a holding company. The Company is a provider of trading, clearing, exchange technology, regulatory, securities listing, information and public company services across approximately six continents. The Company manages, operates and provides its products and services through four segments: Market Services, Listing Services, Information Services and Technology Solutions.
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